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Jun 16, 2013
06/13
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FBC
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we have essentially a fascist economy in which big-- i mean jonathan is promoting oh, you've go to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and lien, verizondidn't do this on their own. the government leases that line. they provided the financing to verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control6 of the banking. everybody is too big. and that's what's wrong. we have essentially a fascist econonomy. >> go ahd, jonathan. >> verizon's done nothing. you're all dumping verizon. they've done absutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has donenothing. as far i understand -- >> this blows my mind. this is so not jonathan. what did yo
we have essentially a fascist economy in which big-- i mean jonathan is promoting oh, you've go to get big. well, that's wrong. you've got small. you've got big government, big business and big labor, and they're all in cahoots. and lien, verizondidn't do this on their own. the government leases that line. they provided the financing to verizon. the government and verizon are hand and glove. the government and ge are hand and glove. it's going to control6 of the banking. everybody is too big....
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Jun 16, 2013
06/13
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CSPAN
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think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. consumers would save hundreds of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for fracking so we can protect it and keep sustained rather than trying to create rules around it that would make it impossible for to be fully exploited to the benefit of job creation in our country. we should open up federal lands and waters. it should dramatically increase for our country's economic security. we need to the energy secure as fast as possible. we should great short-term incentives for natural gas and transportation for freight and trucking. 3 million barrels per day of oil and diesel is used. if the cut that in half, 1.5 million barriers of oil around the world that could come from america. we should create a com
think of the hollow out of our economy in many places in our country. more power would be generated by natural gas. consumers would save hundreds of billions of dollars because he would have the last -- lowest gas prices in the world. it would allow us to invest hundreds of billions of dollars in our own country. what should we do? let's approve the xl pipeline for crying out loud. [applause] we should have rational regulation for fracking so we can protect it and keep sustained rather than...
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89
Jun 17, 2013
06/13
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CNBC
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eye 89
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it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we talk about turkey or brazil, you've got two governments you thought were doing really well just having the worst week of their careers. a lot of uncertainty across the merging market much more than in the united states or japan or even europe structurally in the last five years. and at the global level, the lack of leadership we continue to see, if anything, it's becoming more obvious, more in evidence at the g-8 right now, making it incredibly difficult to either have agreements on things like syria and the middle east which continues to become much more explosive along sectarian lines, o
it's been five years since the meltdown wreaked havoc on the global economy. they detail their thesis in the newest institutional investor magazine. next is your asia group president ian bremmer. thanks for being here. >> hi, marie a. glad to be here. >> take us through what you deem to be the new abnormal. >> first, asian markets are doing most of the growing at coming out of the financial crisis, and they are much more uncertain, much more volatile. we see that. whether we...
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Jun 15, 2013
06/13
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FOXNEWSW
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eye 96
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we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan says verizon has done nothing. as far as i understand -- >> this blows my mind. this is so not jonathan. what did you have in your cheerios this morning, jonathan? this is so not you! come on, now! this is snooping. this is the kind of stuff that people like you are supposed to hate. if you want to gather intelligence, tell me. eric is right. i should have signed on the dotted line that said hey, you'll be protected. we've got this cable going from new jersey to virginia. >> let me read this to you. i've got to do this. i carry this in my pocket every single day. it's not a prop. it's the u.s. constitution, f
we have essentially a fascist economy. >> go ahead, jonathan. >> verizon's done nothing. you're all dumping on verizon. they've done absolutely nothing. and wayne, you want a small phone company? great. put two tin cans together. a schmoll phone company will not be able to serve anyone. >> oh, please, give me a break. you don't know what the hell you're talking about. you're shooting your mouth off about something you do not know. >> hold on. hold on. tracy, jonathan...
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93
Jun 15, 2013
06/13
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FBC
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the can only adversely affect the economy and thh supply of credit. lou: what is low volume this week? you interpret the reason ffor th for the upcomin meeting and all of the query that we no can presume and one other factor? like it is bein held in this area. >> perhaps it is not a bad idea that to the sideline and have someone take a chance. lou: one of my favorite gurus out there right now -- theycome up with more nonsense. they are pushing a 30 year bull market in bonds sraight in to what they are trying to lift it with all forces, talking about % chance of a recession in the next three to five years. what is going on in the minds of these folks. what are they pushing? i know that they are pushing this a bit. but what in the world is going on with the business that they are even paying attentionthis? >> there is a 60% chance of a recession. in three to fiveears, we are going to fort about this. >> this is all that is going on. other people are talking about the forthcoming 10 year treasury bond, which think is unlikely anytime soon. lou: are the h
the can only adversely affect the economy and thh supply of credit. lou: what is low volume this week? you interpret the reason ffor th for the upcomin meeting and all of the query that we no can presume and one other factor? like it is bein held in this area. >> perhaps it is not a bad idea that to the sideline and have someone take a chance. lou: one of my favorite gurus out there right now -- theycome up with more nonsense. they are pushing a 30 year bull market in bonds sraight in to...
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Jun 18, 2013
06/13
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KNTV
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. >>> the british economy is about to get a $400 million boost thanks to none other than will and kate's special delivery. royal baby sleepwear, booties and so much more will be big biz for the royal family and retailers. >>> and check out this $3,000 watermelon. boy, i sure hope it's worth it. these black skinned melons grown only in japan's northern island of hokido are dense and sweeter than regular watermelons. >>> three sport radios hosts have been fired for going over the line. you got to hear about this one. >>> and former nba star allen iverson is accused of abducting his five children. >>> plus, will brad pitt's world war z be a blockbuster or a bust? next. >>> all right. time to get the latest in sports now. game three of the stanley cup finals, bruins daniel paille rips a shot past goaltender corey crawford for a 1-0 lead. now ten minutes later patrice bergeron is left open on the back post for an easy power play goal making it 2-0, bruins. the bruins hold on to win, giving them a 2-1 series lead. >>> here is a bizarre story involving former nba star allen iverson. tmz reporte
. >>> the british economy is about to get a $400 million boost thanks to none other than will and kate's special delivery. royal baby sleepwear, booties and so much more will be big biz for the royal family and retailers. >>> and check out this $3,000 watermelon. boy, i sure hope it's worth it. these black skinned melons grown only in japan's northern island of hokido are dense and sweeter than regular watermelons. >>> three sport radios hosts have been fired for...
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Jun 21, 2013
06/13
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FOXNEWSW
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what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it and the market flips out. there is not enough assurance in a jobless recovery to calm the pessimism that still remains years into it. >> chris: there is another factor here as well and, charles, why don't you add this to it. there is also concerns about slower growth and tightening of credit inside of china which has been a huge engine of economic growth. one of the few places with big growth around the world. >> that is true. but that's been happening over a period of weeks. i think the fact that you had the sell-off for a couple of days right after the be
what does that tell you about the economy? >> well, it still shows that this is what has been all along a very tentative recovery. housing is looking better, manufacturing isn't. when you have unemployment still as high as it is, and when you have inflation still astonishing low, the market believes it's the wrong time to talk about tightening and it's probably right. >> chris: a.b.? >> the fed chair actually said we will keep these policies going if the economy requires it...
89
89
Jun 18, 2013
06/13
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FBC
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eye 89
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the economy is going great guns or not great guns but it's doing fine. we're really able to pull back, wouldn't that make you change your allocation as little bit, edward? >> well, it is funny, dave. if you look at the fed fund rate, the futures, the market is already pricing in some sort of a tightening in the summer of 2014. if you look back two months, no one was even thinking about the fact that the fed would tighten. and now with the fed fund rate you're starting to see some tightening being priced into the market. i think a lot of heavy lifting and the fact the yields on bonds backed up 50 basis points already in six weeks, a lot of the expectations of this taper having already been priced in. that's why i think a lot of this fear is somewhat misguided. liz: let's go back to larry because we know the pits, i was joking with doreen mogavera at the new york stock exchange, are you going to put on your football pads for all the action tomorrow. but what is it you expect? if we know there is not any move and they will not tighten rates for sure, 99.9%
the economy is going great guns or not great guns but it's doing fine. we're really able to pull back, wouldn't that make you change your allocation as little bit, edward? >> well, it is funny, dave. if you look at the fed fund rate, the futures, the market is already pricing in some sort of a tightening in the summer of 2014. if you look back two months, no one was even thinking about the fact that the fed would tighten. and now with the fed fund rate you're starting to see some...
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Jun 18, 2013
06/13
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CNBC
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broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging markets? >> i think we're looking at short-term patterns here. the belief is when we look at asia-pacific, some of the developing economies, they will probably be back on top in the near term. particularly asia-pacific, which we think will have the fastest growth rate to 2015 where we think world wealth will be -- find net worth over 55 trillion. think about the volatility in the marks. in 2010, 2011, and think about what the u.s. markets did and, quite frankly, u.s. real estate. so it's really not a surprise. we flip-flopped a little bit in 2012 w
broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging...
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Jun 22, 2013
06/13
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CSPAN
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to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet medications companies, which is partly why you are hearing so much about why they are trying to, in their eyes, protect user privacy. you know, the director talked about this in his testimony from a different point of view. he said the disclosure will drive people away on the u.s. services and that is a damaging thing. i would say that is a damaging thing, but it is the existence of the services and the lack of transparency and oversight that is going to drive people away. we know people have choices out there. this will embolden the competitors, the services that are abroad, it will drive people especially
to affect the internet economy, there is something in the privacy act called the ick factor. you can't define it, but people say "ick!" i think that will affect the government use of this data. alan? >> i think it's more than just the nine companies but the real impact on the broader internet communications economy. i think that we know people do not want to use services that they don't trust them. the last two weeks have not been good for trust of major u.s. and internet...
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Jun 23, 2013
06/13
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FBC
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eye 91
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we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written by framers who unrstood that governments that protect you can abuse you. take it out on the government. rich hit on something. if the company has in writing certain ord or request and the statute is cited, the company is obligged to do it. if you don't like the law change the law. >> we want to stop thead guy companies can stop the government saying we are getting a ton of lawsuits on our doorsteps and in india, they are allowing tax officials with access to google d facebook data. >> the irs is different. >> india is pressuring to have government officials on-site at research in motion. >> by the way, hold
we have lot was federal entities telling us that stimulus and it makes the economy groechlt they say we are safer here. i continuing is an embarrassment and sends a message around the worl that the champion of liberty is move nothing the wrong direction and a bad step for the united states. >> steve, isn't there a dger of sitting back and letting the government decide >> one of the legitimate functions of government is protectings from external enemies and e constitutiowas written...
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71
Jun 18, 2013
06/13
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WMAR
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eye 71
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to figure out whether the fed will cut back on some of the incentives that have helped stimulate the economy. last month chairman ben bernanke said that the fed might start dialing back on bond buying. investors will be hoping to hear when this might happen and what effect it could have on rates. >>> major airlines improved customer satisfaction ratings for the second year in a row. jetblue came out on top followed by southwest, even with the improvements, though, airlines still are low rated when compared to other industries. air carriers are at the bottom along with cable tv and internet providers. >>> we're expecting to learn more today about why chrysler is refusing to recall nearly 3 million jeeps over safety concerns. until now the company provided only a three-page paper explaining the refusal but today is the deadline fora more comprehensive response. government experts claim the rear mounted fuel tanks on the suvs can cause deadly fires in a collision. >>> ford is going back to the basics. at least when it comes to the car radio. after years of complaint it says it will return to of
to figure out whether the fed will cut back on some of the incentives that have helped stimulate the economy. last month chairman ben bernanke said that the fed might start dialing back on bond buying. investors will be hoping to hear when this might happen and what effect it could have on rates. >>> major airlines improved customer satisfaction ratings for the second year in a row. jetblue came out on top followed by southwest, even with the improvements, though, airlines still are...
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126
Jun 18, 2013
06/13
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MSNBCW
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eye 126
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. >>> the british economy is about to get a 400 billion boost thanks to none other that will and kate's special delivery. royal baby sleepwear, booties and much more will be big business for the royal family and for retailers. >>> check out this $3,000 watermelon. these black skin melon grow only on japan's northern island heikedo. >>> three sports radio hosts are fired for crossing the line. allen iverson is accused of abducting his five children, plus an ugly scene involving a foul ball when "first look" returns. all business purchases. so you can capture your receipts, and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. [ engine revs ] ♪ [ male announcer ] just when you thought you had experienced performance, a new ride comes along and changes everything. ♪ the 2013 lexus gs, with a dynamically tuned suspension and adjustable drive modes. because the ultimate expression of power is control. this is the pursuit of perfection. i want peacocks. peacocks? walking the grounds.
. >>> the british economy is about to get a 400 billion boost thanks to none other that will and kate's special delivery. royal baby sleepwear, booties and much more will be big business for the royal family and for retailers. >>> check out this $3,000 watermelon. these black skin melon grow only on japan's northern island heikedo. >>> three sports radio hosts are fired for crossing the line. allen iverson is accused of abducting his five children, plus an ugly scene...
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123
Jun 22, 2013
06/13
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CSPAN
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eye 123
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how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to hich nothing is happening. it is just not credible with the huge amount of assets in central been spelling seats -- central bank balance sheets. there is very little of that spilling over into the mark
how do you assess the global economy and the u.s. economy, and the extent to which there is any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 21, 2013
06/13
by
CSPAN
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eye 62
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this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of us forget history. the way i view things is since world war two there has been this big exhalation of government programs. -- escalation of government programs. over decades they have made these promises and it is starting to encroach in the private sector. the private sector is what creates jobs, not the government. think that as an important concept here. it is kind of a big escalation in government and it is starting to infringe on the private sector. host: if you are listening on c- span radio, coast-to-coast on x m at channel -- on
this economy the new normal? caller: it looks like it with everything the way is going on -- with everything that is going on. my situation iis ok. i have family and friends that have been laid off and trying to find jobs and we all are trying to help a couple of family members out. host: where are you from? caller: i am calling from north llc -- from north tennessee. our next call, good morning. love c-span and "washington journal." basically this whole concept of ," -- a lot of...
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Jun 21, 2013
06/13
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KCSM
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ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new york state law. between 2002 and 2007 they carried out about 28,000 such transactio transactions. managers instructed employees to strip information from wire transfer messages that could identify countries and people subject to international sanctions. bank officials say they have been working since 2007 to meet obligations. they said in a statement that they are cooperating with the regulators. u.s. president barack obama is changing the rules that govern how his country handles its most destructive weapons. the defense department revised guidelines on nuclear arms for the first time in 11 year
ben bernanke said they would evaluate threats and believe the risk for the economy have diminished. investors don't like what nay are hearing. they fell by about 3%. and they are hoping for more stability to close out the week. managers at japan's biggest banks have their own executives at bank of tokyo ufj agreed to pay $250 million to regulators in new york. they transferred billions to countries facing u.s. sanctions. they moved $100 billion to iran, myanmar and sudan in violation of new...
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Jun 18, 2013
06/13
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CSPAN2
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and if you look at our economy, our economy which is beginning to gain strength, the economy is beginning to get its legs under it, it, too, needs the labor market certainly that would come from immigration reform. so let's seize this opportunity, mr. president, to pass commonsense legislation that our constituents expect. mr. president, i'm looking right over the dais and on -- above the dais i see e pluribus unum. out of many, one. that's a simple motto, it's engraved in this great senate chamber, and it's one of the daily reminders that we are a nation of immigrants. throughout our history, millions of immigrants, including my ancestors and yours braved hardship and great risks to come here. and why was that, mr. president? they sought freedom, they sought opportunity, they wanted a better life for their families. and today's immigrants in that same spirit continue to brave great risks and hardship to attain the american dream. we've heard from fellow americans who are opposed to fixing our broken system, those who, unfortunately, see immigrants as a burden on our country or who want t
and if you look at our economy, our economy which is beginning to gain strength, the economy is beginning to get its legs under it, it, too, needs the labor market certainly that would come from immigration reform. so let's seize this opportunity, mr. president, to pass commonsense legislation that our constituents expect. mr. president, i'm looking right over the dais and on -- above the dais i see e pluribus unum. out of many, one. that's a simple motto, it's engraved in this great senate...
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71
Jun 22, 2013
06/13
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CSPAN
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eye 71
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the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most economists -- ic issuebated economy among economists. you can imagine what site i am on. i am not in favor of tax hikes because it kills the timing. christina romer said that is true. the endgame said -- the end game is not going to be pretty. host: an editorial cartoon shows fed chairman ben bernanke pulling the rug on quantitative easing.stephen idaho falls, idaho. falls, idaho.aho good morning. caller: good morning. i was wondering if printing dollars is a flat tax that president obama and his administration could not possibly pass otherw
the economy has to grow on its own volition. you cannot have this artificially-induced said said -- fed stimulus. itke any drug, it wears off. may have already started. it is not as effective, so we might see some corrections in the market going forward. the fed might come out like bullard came out and said, -- and say, he is only kidding. he is not kidding.the markets are already moving against it. we will see how far it goes. right now, raising taxes is a hotly-debated economic issue. most...
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91
Jun 19, 2013
06/13
by
FBC
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eye 91
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overall it has been down, they are cost-cutting it ll help the bottom line, economy showing some life. if you have been o a plane they ar jam-packed. neil: how can that be pleasant? jared, i know you don't kno what commercial flying is, but how can it be pleasant? >> i am just not, i am a new pilot. i fly privately. neil: listen to you. >> no, no, i wish i could live the life capin of a major airline 30 years a. you getn plane now, it is like a cattle ride, we have gotten okay with that, but i don't think that buying an airline is a gd investment, they are bound by the price of oil, the areutting costs yes, they are making planes more fuel efficient, but again this is predicattd onil and communication tha changes. neil:ut, do you buy that ople are happier with this experice, i do not. >> no. neil: ink they are interviewing zombies. >> thelane is full. neil: you could have a blaine full of zombies. >> no matter wat you carry, buy the stock, demand it there. >> okay. >> housing starts? you have who to wonder -- you have to wonder with latest housing data. they a still up, 7 7% over last
overall it has been down, they are cost-cutting it ll help the bottom line, economy showing some life. if you have been o a plane they ar jam-packed. neil: how can that be pleasant? jared, i know you don't kno what commercial flying is, but how can it be pleasant? >> i am just not, i am a new pilot. i fly privately. neil: listen to you. >> no, no, i wish i could live the life capin of a major airline 30 years a. you getn plane now, it is like a cattle ride, we have gotten okay with...
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365
Jun 21, 2013
06/13
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CNNW
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>> he said the economy -- >> why? >> they have this thing where you sell on the news and buy on the fear. they like to go out there and make a big stink when anything happens. bernanke said the economy is getting better so we'll stop buying bonds and plowing money into the economy. people said we've been used to this for five years. the fed is propping up the economy. >> interest rates will go up. >> they are. 2.4% today which is high compared to where it's been recently, historically low but high to where it's been. >> is there any sensible rational or is it taking money because they are greedy pigs? >> your phrase. there is never any sense to what wall street does, never. i said that before on this program. >> abby huntsman, do you have anything to say about the global economy? >> absolutely. i'm an expert on anything finance. the stock market goes up and down every day based on the news. i think to bring it back down to every indication shows we are moving in the right direction you look at the housing market, the
>> he said the economy -- >> why? >> they have this thing where you sell on the news and buy on the fear. they like to go out there and make a big stink when anything happens. bernanke said the economy is getting better so we'll stop buying bonds and plowing money into the economy. people said we've been used to this for five years. the fed is propping up the economy. >> interest rates will go up. >> they are. 2.4% today which is high compared to where it's been...
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64
Jun 19, 2013
06/13
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CSPAN2
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eye 64
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. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that the cfpb should be subject to ensure greater accountability for the agency. this is despite the fact that congress has consistently provided for independent funding for other bank regulators. in your own personal view, can you tell me how likely you could explain why congress gave all the bank regulators independent funding, and to what extent is it important for a regulator with responsibility for examining large institutions with stable and consistent funding. >> congressman, i think that your last point is the point that having that stable funding allows us to focus
. >> this, in turn come a ways on the economy as a whole. can you explain how the cfpb has approached this critical issue. >> i would prefer that in our office. we handle our student loan initiatives and i would say that it is one of the areas that we are very proud of in terms of the activities that we have proceeded with. but he is much more adept at answering those questions. >> thank you. going back to the financial question is part of my colleagues. they have argued that...
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Jun 19, 2013
06/13
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FOXNEWSW
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calendar's worked against him, all three of these candles coming together as they have, plus the anemic economy have undermined people's confidence in his credibility and integrity. 45 approve, 57 disapprove. the lowest, 34/64, the previous low was in august of 2011. strong leader, 52-48. it's the lowest since january 2012. and the lowest of his entire term was 48-52. managing the government effective i lrks 47-53, the lowest since september 2011, and not a typical politician, lowest in office. when he came into office, it was 63-36. >> i suppose his trip overseas, he had to go to the g-8, it does have the appearance of getting out of dodge. he doesn't realize all these numbers are sinking in, he needs to talk to us, he needs to come back to talk to the american people. bad timing, though. >> the g-8 from his perspective was at an unfortunate time. this has all been happening, and he squandered the weeks leading into this, we've known about the -- some of these things for going on three and four and five weeks, benghazi obviously longer than that, the irs scandal, the ap records, the leaks and
calendar's worked against him, all three of these candles coming together as they have, plus the anemic economy have undermined people's confidence in his credibility and integrity. 45 approve, 57 disapprove. the lowest, 34/64, the previous low was in august of 2011. strong leader, 52-48. it's the lowest since january 2012. and the lowest of his entire term was 48-52. managing the government effective i lrks 47-53, the lowest since september 2011, and not a typical politician, lowest in office....
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Jun 23, 2013
06/13
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CSPAN
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to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either. how can any of us stay on top with groups that nearly cap 12 million americans out of work and threaten our children's future? we should be doing much better. we are not a people who hobble along hoping some day some where down the line things are going to get better. we are a people who chart our own course, who take matters into our own hands. that is why i'm here today. people in this room represent so much of our nations economic success, and our potential for the future. manufacturing represents where things a
to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either....
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Jun 22, 2013
06/13
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CNNW
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economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's childish, it's all those things. but here's the reason. because investors have gone for exotic emerging markets with very narrow exits. of course, when things start to change, they all head for the door at the same time. you're absolutely right. the mere fact that he will be taking his foot off the gas is because the car is going fast enough on its own. so you have to put it into context. do i think we should be concerned? the hiccup, bucolic plague of the last week. absolutely not. the market knew it was coming and they're just having a nasty bout of indigestioindiges
economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concerns about the rest of the world. a recession in europe, china's growth appears to be slowing. the global worries are one reason why stock investors are so concerned about a pull-back from the fed right now. >> this is a classic case of heads you win, tails i lose. it doesn't matter what bernanke would have said, the markets are ready to fall out of bed. it's per ververse, it's obscure it's...
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Jun 22, 2013
06/13
by
FBC
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hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the economy, smaller businesses like with what they said in russia, health care is free but you can't get any. they a thehe job creators, they are hurt by what bernanke did. not much left for the small guys. lou: a lot of lilimited government, some of them are anti-fed. oh, my gosh, we cannot conclude it a $5 billion per month. i do not like what he has done, bbt don't let him reverse course here. there is a chorus of hypocrisy in pleading for more punch bowl, please. >> it is hard to give up when you have it. bernanke will not do this precipitously, wil
hurting the economy more than it has helped. editor-in-chief steve forbes, great to have you with us. qe appears to be at an end, sort of. $85 billion continues, the rates are moving higher, so that will be problematic. your thoughts on the timing on all of thisy the fed chairman. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the...
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120
Jun 18, 2013
06/13
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FBC
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the economy's not what we're thinking here? >> the apartment story is people move out of their parents' houses, move into apartments, stepping into the living independently life, home buyers that are representing or buy, and people want more space. vacancy level apartments is less than 5%. you can see that in forever. cheryl: that is an astonishing number. you look at regions, and i want to get to this because of the south led the way of 17%. was that on the commercial real estate side or residential side? >> commercial real estate. florida's back. listen, we have have an added supply in forever in apartments in hotels, and wear houses and retail so real estate's back, the demand's there, and the interesting thing is while interest rates are growing that could chill the market, if they go up because the fed decides to taper or reverse course it's because the economy is strong, and when that's strong, it's great to rent. >> you say it's strong, and that's an alternative investment, kind of out of the will house a bit, but we kee
the economy's not what we're thinking here? >> the apartment story is people move out of their parents' houses, move into apartments, stepping into the living independently life, home buyers that are representing or buy, and people want more space. vacancy level apartments is less than 5%. you can see that in forever. cheryl: that is an astonishing number. you look at regions, and i want to get to this because of the south led the way of 17%. was that on the commercial real estate side or...
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Jun 20, 2013
06/13
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MSNBCW
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last year brazil became the sixth largest economy in the world. but income and equality is a huge issue. about one in five people live below the poverty line. demonstrators are protesting in part against billions of dollars being funneled not into education or health care or other basic needs for the population, but into big spectacular events. into stadiums and if a sill advertise being built for brazil to host the world cup and the summer olympics. the cost to host the world cup is estimated to top $13 billion. the protests today around the stadium, this is brazil today a supposed day off from the protests. these have been incredibly dramatic. incredibly big protests. the main organizers say tomorrow is not the day off it will be the day to watch for when everybody should be expected to hit the streets. it's going to be a big news story tomorrow. watch it here. so what did you think of the house? it's got a great kitchen, but did you see the school rating? oh, you're right. hey babe, i got to go. bye daddy! ...but what about when my parents visi
last year brazil became the sixth largest economy in the world. but income and equality is a huge issue. about one in five people live below the poverty line. demonstrators are protesting in part against billions of dollars being funneled not into education or health care or other basic needs for the population, but into big spectacular events. into stadiums and if a sill advertise being built for brazil to host the world cup and the summer olympics. the cost to host the world cup is estimated...
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Jun 18, 2013
06/13
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CNBC
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we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in your view? >> jackie, i think it's completely wrong to buy gold her. this show is kaulgd futures and he's still looking at the past for decisions he's making on gold. the fed has been easing for a year and a half and gold has done nothing but drop. it's all about inflation, inflation according to that cpi number, jeff is right, doesn't exist at this point. it's even detached from the dollar which has shown weakness and gold is still lower right now. so i don't think it really matters what the fed does. if they continue their qe, it won't matter to gold. it's still going lower. if they decide t
we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in...
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Jun 16, 2013
06/13
by
CNN
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i am an american i'm a teacher. i'm a firefighter. i'm a carpenter. i'm an accountant. a mechanical engineer. and i shop at walmart. truth is, over sixty percent of america shops at walmart every month. i find what i need, at a great price. and the money i save goes to important things. braces for my daughter. a little something for my son's college fund. when people look at me, i hope they see someone building a better life. vo: living better: that's the real walmart. >>> he is the unconventional candidate, to say the least. republican candidate chris christie, who's in the middle of a re-election campaign, passed on a conservative gathering and instead joined former president bill clinton in a bipartisan gathering about rebuilding after superstorm sandy. >> i'd evac
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. i am an american i'm a teacher. i'm a firefighter. i'm a carpenter. i'm an accountant. a mechanical engineer. and i shop at walmart. truth is, over sixty percent of america shops at walmart every month. i...
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Jun 22, 2013
06/13
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CNNW
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eye 115
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a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market participants, in particular those institutions who have now become reliant on monetary policy to drive stocks they may force mr. bernanke to become more aggressive and take the pedal off and put pressure off the pedal and start to taper a little bit. faster. i think that's what most people are worried. we think it's nonsense. fundamentals drive stocks and we're in the mid of a grand transition from dependency on monetary policy to dependency onfuls and we think there's volatility along the way. >> you might be right. volatilit
a growing economy. the idea that a lot of excess money will flow into the market, of course, scares -- that it will stop happening scares market participants. >> another surprise out of the news conference, moving the goalpost. when the jobless rate hit 7% the fed will likely pull back. we're at 7.6%. explain how lower unemployment could lead to negative results for the market. >> well, it's one of these things where if things go up too fast in terms of the economy then the market...
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Jun 16, 2013
06/13
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CNNW
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it is about economy. that's the political argument he was making. when you put it in context, you see that that's what it's all about. he is framing the immigration debate in an economic perspective. >> i'll tell you how it is going to change things, don. i'm from texas which we all know has gone republican for i think since lbj. jeb bush is actually the won who said that the changing make-up of this country, that we are becoming a browner country, texas has actually become a blue state he said if republicans didn't get their immigration reform act together. that's how it is changing this country. we are seeing swing states in play that used to not be in play because of the number of immigrants coming to this country. so it is changing our country. the fastest growing group is multi-racial americans. i am hoping one day we'll all be so mixed up a lot of this nonsense we are always arguing about in terms of race is kind of a moot point. >> anna -- >> don, just one last point. for all the people watching the three of us on tv right now, we just got on
it is about economy. that's the political argument he was making. when you put it in context, you see that that's what it's all about. he is framing the immigration debate in an economic perspective. >> i'll tell you how it is going to change things, don. i'm from texas which we all know has gone republican for i think since lbj. jeb bush is actually the won who said that the changing make-up of this country, that we are becoming a browner country, texas has actually become a blue state...
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Jun 20, 2013
06/13
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CSPAN
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how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge imbalances out there. what i find startling is there are so many things -- which nothing is happening. for example, the european central bank had this huge trillion-euro rise a couple years ago of the assets in their balance sheet. then it came down a little bit. and for the last several months it has been absolutely flat. in other words, the extent to which nothing is happening. it is just not credible with the in central of assets been spelling seats -- central bank balance sheets. there is very little of that spilling over into the marketplace. , mone
how do you assess the global economy and the u.s. economy, is the extent to which there any momentum or possibility for faster growth? >> basically, i would describe both the united states and the rest of the world as being in a sluggish environment where effective demand, if we can use that old-fashioned term, is inadequate to galvanize the system in the growth. yet there is not enough downside weakness to create any significant short-term changes that i can see. there are very huge...
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Jun 21, 2013
06/13
by
FOXNEWSW
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eye 106
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we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the fed. they wore if he takes his foot off the gas pedal. who knows what will happen to the stack mark. you have too -- the stock market. you have to be invest elfed. the only thing to give you enough oomph to get you through retirement, putting the kids in scamp it's essential. >> jimmy there are so
we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the...
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220
Jun 21, 2013
06/13
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CURRENT
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eye 220
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my point is imagine with these border agents, that would only boost their economies, and if you think we have a problem now in trying to bring them to the table, you know, as far as negotiating with them, imagine, you know if they have a sort of fledgling economy, along with these federal dollars that are consistently going to be coming in. and if you flood the border with these agents forget about ever reducing it. because they always go back to the point where they need us. >> i think adding a few more border agents is going to not have much effect on the economy of a state. >> well, look at these states that have these prisons they are building and that's an industry within it's a. >> stephanie: yeah. that's true. jim has talked about that before. >> yeah, you have financial incentive to arrest people. >> but i think the southern border does require a few more agents. and that's where the compromise is coming from regarding the immigration bill. >> stephanie: i'm sure it has nothing to do with taking an ass whooping among latinos. >> yeah. >> stephanie: cindy in michigan. >> caller
my point is imagine with these border agents, that would only boost their economies, and if you think we have a problem now in trying to bring them to the table, you know, as far as negotiating with them, imagine, you know if they have a sort of fledgling economy, along with these federal dollars that are consistently going to be coming in. and if you flood the border with these agents forget about ever reducing it. because they always go back to the point where they need us. >> i think...
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121
Jun 16, 2013
06/13
by
CSPAN2
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eye 121
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but there are deep problems in china's economy. [speaking mandarin chinese] >> translator: because such growth, really is mainly from government investment. [speaking mandarin chinese] >> translator: the manufacturing sector has surpluses and more, much more than the demand from the market. and a lot of missionaries and equipment are lying in their idle. [speaking mandarin chinese] >> translator: and they are having a lot of products stored away and cannot be sold. [speaking mandarin chinese] >> translator: so but the thing is such idle not used equipment, missionary, and those goods, those products, which have not been sold and sitting in a warehouses they are also including in the gdp. [speaking mandarin chinese] >> translator: and this is the result of government investments. wouldn't be like -- if the investments are mainly from individuals. from people. [speaking mandarin chinese] >> translator: so the government has been doing what they have been doing instead of raising the standards of science and technology. [speaking mand
but there are deep problems in china's economy. [speaking mandarin chinese] >> translator: because such growth, really is mainly from government investment. [speaking mandarin chinese] >> translator: the manufacturing sector has surpluses and more, much more than the demand from the market. and a lot of missionaries and equipment are lying in their idle. [speaking mandarin chinese] >> translator: and they are having a lot of products stored away and cannot be sold. [speaking...
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Jun 18, 2013
06/13
by
KPIX
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eye 178
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and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points. >>> standard & poor's lowered ford motors stock from buy to hold. the market index claimed ford's losses in europe which are expected to reach $2 billion this year. but s&p did say pickup sales in the u.s. should help the automakers see strong profits. >>> a big coup for netflix. starting next year, they'll be joining forces with dreamworks. the agreement is said to include 300 hours of new tv episodes. financial details have not been released but it's expected to be worth several hundred million dollars. the deal will help netflix compete with premium channels like hbo and showtime.
and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points....
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104
Jun 16, 2013
06/13
by
FBC
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eye 104
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it will be good for the economy. and that's why all of us have come together to try to push and get this thing done this year because every day that we wait isis a day wasted and a d that we've lost, a day that the economy won't grow. >> but tom you say the econo has nothing to do with this. >> that clip was an absolute crock. that was one of the most disingenuous things i have ever heard in my life. unions are dying. and that's the reason for this. they were at 40% of the public work force about 30 years ago. they're now at 6.%. there's 7.3 million people accordingo bls in 2012, end of to 1 2012 in unions. you'rere talking about people coming from countries where unions are prevalent. this is 100% political. there's no other way to spin this. this is a matterf survival for these unions. >> susan, you agree with that? is th about growing the enomy or growing the union base in >> this is absolutely about growing the econom if you look at who else was there at that press conference and at that white house event, it was
it will be good for the economy. and that's why all of us have come together to try to push and get this thing done this year because every day that we wait isis a day wasted and a d that we've lost, a day that the economy won't grow. >> but tom you say the econo has nothing to do with this. >> that clip was an absolute crock. that was one of the most disingenuous things i have ever heard in my life. unions are dying. and that's the reason for this. they were at 40% of the public...
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123
Jun 19, 2013
06/13
by
KNTV
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eye 123
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proponents say it will help the economy as minimum wake workers will have more money to spend. earlier this year in san francisco they raised their minimum wage. >>> have you heard about it? a way to raise money online, often for a particular project to a lot of little donations. >> one turned to crowd funding to help improve their building and ended up with not just money but some surprising attention. garvin thomas has their story tonight. >> reporter: for all the great work that they have done for the past four decades, they do keep a relatively low profile. a lot of that comes for the personal of their director michelle clark. she says she's more steak than sizzle. in tonight's bay area crowd she gets credit for both. >> so you need to know i do this all the time. ask michelle clark how one gets to washington, d.c. and she'll take you up on the roof. sha being the best place, of course, to put solar panels. in this case the panels that power the building, that houses the youth employment partnership at the corner of 23rd and international boulevard in oakland. the nonprofit
proponents say it will help the economy as minimum wake workers will have more money to spend. earlier this year in san francisco they raised their minimum wage. >>> have you heard about it? a way to raise money online, often for a particular project to a lot of little donations. >> one turned to crowd funding to help improve their building and ended up with not just money but some surprising attention. garvin thomas has their story tonight. >> reporter: for all the great...